• TSX-V: FMC

Love Lake Palladium Exploration Project

Ownership:

Forum owns a 100% interest in 10 claims acquired by staking.

Stage:

The Ni-Cu-PGM occurrences are associated with the 2.5 billion year old Swan River mafic complex and the Love Lake felsic pluton in the Peter Lake Domain. Forum has now staked a 30 km by 15 km area of historic copper- nickel- platinum group metal showings which returned up to 0.31% Cu over 5.2m in a trench, with visible sulphides occurring in outcrop along a 1.5km east-west trend of “reef type” layered intrusive that was not properly tested by historical drilling. Grab samples in Trench #4 in the Korvin Lake area returned 0.33% Cu, 1.33% Ni, 2735 ppb platinum, 2685 ppb palladium, 70 ppb gold and 0.43%Cu, 0.23% Ni, 3580 ppb platinum, 4275 ppb palladium, 200 ppb gold. (Saskatchewan Geological Survey – Maxeiner and Rayner, 2005).

Size:

10 claims totaling 27,896 ha

Location & Infrastructure

The project is located along Highway 905 to the Rabbit Lake/McClean Lake mine sites, approximately 60 km northeast of Forum’s Janice Lake/Rio Tinto copper joint venture in north-eastern Saskatchewan.

Regional Significance

Substantial regional scientific research suggests a re-evaluation of the property utilizing a new exploration approach to determine the palladium potential is required.

Significant Comparable Deposits

Comparable geological environment to North American Palladium’s Lac Des Isle deposit in Ontario northwest of Thunder Bay.

Outlook:

  • 2019 summer exploration plans will focus on re-locating historic trenches and four drill holes, mapping and sampling the extent of a 1.5km long sulphide-bearing mineralized horizon discovered by the Saskatchewan Geological Survey, and prospecting for similar mineralized horizons.

Figure 1: Simplified Geology Map. The Swan Lake Complex, hosts four separate PGM showings


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